{{asɛmtiNe Ɔkyerɛwfo}} | Nhomakorabea | Nneɛma a ɛma wotumi yɛ ade

1

The equilibrium wage in the market is

. The equilibrium quantity of labor in this market is workers.

Mmuae Afoforo a Wobɛpaw:

$80

$50

6

10

1

Given that this is a competitive labor market, ABC faces a marginal resource cost, or wage, of
_______ .

1

1

Given that the price of a belt has increased to $2.50, the equilibrium wage in the market

will to $80. The equilibrium quantity of labor in this market is now workers.

Mmuae Afoforo a Wobɛpaw:

10

decrease

6

increase

1

Since the firm is a , resulting in an increase in the firm's .